* Allocation is from the 6.23 billion ringgit rescue package announced at tabling of the Felda white paper in April: ministry spokesman * Program to run from 2019-2022: statement * Both ministries to cooperate on transforming agriculture sector ** Economic Affairs Ministry to utilize land banks owned by its agencies ** Agriculture Ministry to provide technical advice and marketing services via its agencies
* NOTE: Malaysia plans US$1.5 billion rescue for debt-saddled Felda * NOTE: Malaysia plans mixed farming in new agriculture policy
FGV to liquidate two companies as part of transformation programme
KUALA LUMPUR (May 3): FGV Holdings Bhd (FGV) is liquidating two companies by end-2019 as part of its transformation programme and the renewed focus on efficiency, accountability and profitability.
In a statement today, FGV said the two companies that will be liquidated are Felda Engineering Services Sdn Bhd and Felda Properties Sdn Bhd, neither of which are part of its core business.
Felda Engineering and Felda Properties were incorporated in 1994 and 1995, respectively, mainly to support internal housing and construction projects for the Federal Land Development Authority (Felda).
However, FGV said neither Felda Engineering, which is a project management company nor Felda Properties have undertaken much work outside of the Felda Group and FGV.
China conmen to invest??..lol. Several China counters already swindled lots of money from stupid Malaysians. Please welcome all the gamblers, loan sharks, pimps, murderer and gang leaders to invest here. Malaysia badly need those "HARAM" funds.
Donald Duck is a straight shooter and does not pretend like the fake smiling Panda Bear, Xi Jinping. Donald Duck already "fired" many of his underperformers but in Malaysia, they promote and give them salary for being an idiot. We have an Education Minister who has prawn sized intelligence judging from his solution for matriculation intake.
FGV is trying to improve on their EPS. Efforts can be seen such as:
1. Cost cutting measures such as job termination, closing down unprofitable subsidiaries, bringing down production cost per tonne 2. Exploring new markets such as durian plantation, expanding downstream and etc
Their upcoming quarterly results can be seen as very positive.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Tongkarat
7,588 posts
Posted by Tongkarat > 2019-05-03 10:32 | Report Abuse
@joan123....no need to be anxious...the support level is still intact and has not been broken...